GOLD: Three day cycle, market out of balance
Updated
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“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
2. SIGNAL DAY
3. WEEKLY TEMPLATE
4. THESIS:
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
- Monday DAY 1 Opening Range
- Tuesday DAY 2 Initial Balance ✅ Three day cycle
- Wednesday DAY 3 (reset DAY 1) Mid Point Week
- Thursday DAY 2
- Friday DAY 3 Closing Range
2. SIGNAL DAY
- First Red Day
- First Green Day
- 3 Days Long Breakout
- 3 Days Short Breakout
- Inside Day
3. WEEKLY TEMPLATE
- Pump&Dump
- Dump&Pump ✅
- Frontside
- Backside
4. THESIS:
- Long: primary, 3 session setup Asia, London dump and NY pump back into the HOD/current HOW, not the best template for the day, but I shared it because is still part of my process, no signals
- Short: N/A at the moment
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Note
Major red news at 10am
No other time frames triggered into the market, I do not expect big moves at the moment, unless news release will be with great momentum.
At the moment, my only option to enter gold is waiting for the price to retest and lock the LOD, for a long setup back to the HOD or HOW.
Note
3 Session setup completed, dump and pump, no entry as for my criteria, every entry after 10am NYT (waiting for major red news)
Note
Well done for traders that shorted gold during London session, lovely pump and dump setup from yesterday.
At the moment I don't have a bias for this market, let's see during the upcoming hours!
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